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// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Price Volume Rank (PVR)", "PVR", overlay=false)
//@function Calculates Price Volume Rank
//@param price Price series for comparison
//@param vol Volume series for comparison
//@returns Price Volume Rank (0-4)
//@optimized for performance and dirty data
pvr(series float price, series float vol=volume) =>
float p = nz(price, close), float v = nz(vol, 0.0)
float pp = nz(p[1], p), float pv = nz(v[1], v)
p > pp ? (v > pv ? 1 : 2) : p < pp ? (v < pv ? 3 : 4) : 0
// ---------- Main loop ----------
// Inputs
i_price_source = input.source(close, "Price Source")
// Calculation
pvr_value = pvr(i_price_source)
// Plot
plot(pvr_value, "PVR", color=color.yellow, linewidth=2, style=plot.style_stepline)